DGAP-Adhoc: Telefónica Deutschland Holding AG: America Móvil to vote in favour regarding acquisition of E-Plus by Telefónica Deutschland

Telefónica Deutschland Holding AG / Key word(s): Miscellaneous 26.08.2013 07:36 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement.
Telefónica, S.A. has confirmed that América Móvil, S.A. de C.V. (major shareholder of Koninklijke KPN NV (hereinafter, 'KPN')) has irrevocably committed to vote in favour of the acquisition of the German mobile business E-Plus from KPN by Telefónica Deutschland Holding AG (hereinafter, 'Telefónica Deutschland') at the Extraordinary Shareholder Meeting of KPN on 2 October 2013. The terms of the acquisition of E-Plus by Telefonica Deutschland will remain unchanged: KPN is to receive 24.9% of Telefónica Deutschland and 3.7 billion Euros in cash. In the second part of the transaction, for an aggregate consideration of 1.3 billion Euros, Telefónica, S.A. will: (i) acquire 4.4% of Telefonica Deutschland from KPN (previously, 7.3%); and (ii) enter into a call option agreement with KPN that will entitle Telefónica, S.A. to acquire from KPN an additional stake of up to 2.9% in Telefónica Deutschland, such right being exercisable one year after such call option agreement at a strike price of up to 510 million Euros. Therefore, at the closing of the transaction, the stake of KPN held in Telefónica Deutschland will amount to 20.5% (previously 17.6%) and in case of full exercise of the call option will amount to 17.6%. The execution of the transaction continues to require the approval of the general meeting of KPN and Telefónica Deutschland. Furthermore the transaction is still subject to authority approvals and other customary closing conditions. The transaction is still expected to be closed in mid 2014. 26.08.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English Company: Telefónica Deutschland Holding AG Georg-Brauchle-Ring 23-25 80992 München Germany Phone: +49 (0)89 24 42 0 Fax: E-mail: Internet: www.telefonica.de ISIN: DE000A1J5RX9 WKN: A1J5RX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart TecDAX End of Announcement DGAP News-Service